Company Reglstratlon Number 03487584 Charity Number 1068857 The Meadows Day Centre Ltd {A Company Limited by Guarantc¢) Unaudited Flnancial Statements for the year ended 31 March 2025 ,)1
The Meadows Day Centre Ltd Financlal Statements For the year ended 31 March 2025 INDEX Legal arKI Administrative Infomiation Trustees, Annual Report Independent Examinerfs Report ststement of Financial ActNities Balance Sheet Notes to the Financial Statements 9t019
The Meadows Day Centre Ltd Legal and Admlnlstrative Infonnation For the year ended 31 March 2025 The membors of tha commlttee Mrs Brenda Ruysen Mr Timothy Barzycki Mr Patrick Skells Mr Bary Elliott Mrs Lynn Franklin Mr Anthony Cronin Mrs Chery Jeffery Chair from 18 February 2025 VI Chair from 18 February 2025 Chair to 18 February 2025 Vice Chair to 18 February 2025 Company secretary Mr Patric* Skells and principal office 1 The Meado Park Road Spalding Llncs PE11 1XR manager@themeadowsspalding.co.uk Website VwMV.therneadpald1ng.¢o.uk Indepèndent Examiner Kenneth Maggs Chartered Accountant 16 Hoekman Way Spaldirg PE11 3HE Banke National Westminster Bank Plc. 28 Market Place Spalding Lincs PE11 1ST The Charlty Bank Limited Fosse House 182 High Slreet Tonbridge Kent TN9 1BE Sollcltors Chattertons Dembleby House Broad Str&t SpaldirwJ Lincs. PE111ES
The Meadows Day Centre Ltd Trust. Annual Report For the year ended 31 March 2025 The trustees, vtho are also directors for the purposes of the Companies Act, present their report and the financial statements of the charity for the year ended 31 March 2025. Legal status The Meadows Day Centie Ltd is a coiiipai iy liwwiile(J by guarantee, vthlch was Incorporatett on 31 DecemDer l 997 and is registered in England and Wales as a charity (charity number 11K8857, company number 3487584). Objectives The principal purpose of the company is to continue to promote relief of the elderly in ary manner, which now or hereafier may be deemed by law to be charitable. in and around SpaldiiTrJ. Tllii4 5taletnent is Incorporateo In the companys Memorandum and tiCleS of Association, a1 encapsulated in our mission statement. 'enriching life for the elderv,. The companls principal actiwty is the provision of a day care seNce for the elderty with medium dependency needs, in Spalding. Pinchbeck and surrounding villages. This service was fomierly provided by Spalding District Day Care Age Conrn {DDCAC), an unincorpoiated group forine(J iri 1982 dtKI manageo by a sieemng committee. With effect from the 6 April 1998, the company subsumed all the assets, liabilities and activities of the SDDCAC. The Meadows Day Centre Ltd is an independent compary but remains in contact with similar charities. The trustees are responsible for the overall management and control of the company, Strong aided arKI supported by the management team. consisting of Miss M Wenham and Mrs C Stimson. The day to day management of the Servi is the management team's key responsibilty vthich is delivered throwh the valued support of seven other staff members. volunteers and other supporters from NMthin the communrty. Utilisatlon of investment funds General and restrtclett furKls surplus to immediate nee(Js were pVIousty held on Instant AcsS Deposit Accounts with Bardays Bank and National Weslminster Bank and the Charity Bank. During 2011112 more funds were moved on to fixed rate deposits, with a term length of 1 year in order to maxirnise the interest that can be received. This policy was amended to a 40 day noti account from 2022123 in order to access fijnds quicker if required. The board has agreed thal all interest received is lo be applied to the general funds. Interest earned on restricted funds ryll remain in that category only where the donor or grantor has specifically instructed that interest eamed is applied to the capital sum. No instructions have been received to this effect. Revlaw of actlvitles The Charity had a very sucSsful year entirety down to the dedication and hard work of stsff. volunteers and Trustees. As the close of the year, the Centre was Funning at full capacty wfjth a waiting list arml without having to advertise. This was a very great achievement as tt had taken some years to recover from the COVID closures. Consultations fjth dients confinn how very pleased they are vAth the serv[S they receive at The Meadows. Staff and volunteers continue to support the dtents in the various daity activities kn1¢h include a delicious hot lunch from the excellent hands of the cooks. The kj'tthn had a surprise visit from LCCISHDC Environmental Health and came out with a top 5" rating. The staff also continuousty vhxk hard eal1r0 fund-raising opportunities including in-house raffles and tornbola's, bingo nights, the South Lincs Communty Lottery arKI a stall at the Spalding Flower Parade. They encourage publicity in the local papers and on-line to ensure the Vlryder communty a aware of the services available at The meado1. They also have SucsfUllY arranged for outside organisations lo support the activibes at the Centre. These indude GreenvEII Horticultural Therapy, Spald1 Golf Club. Adutts Move. Phoenrx Choir. U3A Choir and more. Woodhead Bros (Morrisons Manufacturing) have continued to support T Meadows Imth coming to serve meals at Christmas vAth the food and items ttw donate to us. In June of this financial year. the Cetrtre submrtted its tender to Lincolnshire County CouncAI. The submission was successful and the new contract was entered into on the 1 September for a tw) year period. Mary thanks to the hard work of Maisie Wenham and the Trustees helped in completing the tender document.
The Meadows Day Centre Ltd Trustees. Annual Report (contlnued) For the year ended 31 March 2025 Review of actlvlties (continued) During the year, a new dishwasher was purchased and the heating pump replaced. The most exciting purchase, however. was the new bath instslled on the last day of the financial year. The total cost was £12,175. The purchase was made possible through the hard work of Trustee Anthony Cronin secured grant funding from The Green Hall Foundation and the ClothrkerS Foundation. The Spalding Goff Club raised £3,000 and proceeds from the 'Slip n Trip Show, and an anonymous donation. brought the final funds needed to secure the new bath. Gracious thanks to everyone who supported the new bath drive which enables this most important servtc£ to continue at The Meadows. The Fumiture Recycling as successfulty dosed during the year desprte it being a difficult decision to take. The process required the sale ot any remaining fumiture and the delivery van. The Trustees supported these final sales by volunteering on site. Any remaining items ere donated to the charities Boxes of Hope and Age UK. The lease was to terminate on 30 September. hover. the ovmer agreed an earlier tennination date leh was a grateful bonus to the final cost of the closure. The Trustees Vish to thank the manager. Richard Walmsley, for his years of Servi and dedication to the Fumrture Recyding. Over many years, the profits secured from the sale of fumiture provided much appreciated additional funds for Thg. Meadovts. During the year, clients and individuals requiring InfonatIOn and Advice continued to be directed to the Citizens Advice Bureau and Age UIQ HovEver, Maisie Wenham had supported some applications for Disabled Parking Permits and Attendan Allowance. Looking to the future, Trustee Cherry Jeffrey hopes to be able to retum to providing Infonnation and Advi on behalf of the Meadows. Futuro plans and risks Going into the year ahead. the financial position of The Meadows is sourKI as the Centre is working to capacity. The Meadows is blessed with eXlIent financial support from Catherine Kisby who continues to maintain detailed financial projections, budgets and actuals enabling management and Trustees to make infomed decisions. The I rustees have increased staff pay irpline Vith the govemmerrt changes to the national minimum wage and employers national Insuran corrtributions. The TteeS and management remain committed to keeping the day care costs to clients as reasonable as possible. After Christmas, both Carot Skn'mson and The Trustees discussed the changes in Management. Carol wanted to step down from the management team and remain as senior carer. making Maisie Wenham sole manager. Both Carol and The Trustees felt this was the rigm thing to do and Maisie officialty moved to sole Manager on 1 April 2025. The Trustees thank Carol for her continued support. For Ihe next year, it is also hoped to look at expanding to another member of staff. This is based on the struggle in recruttment of new volunteers and the increase in client support needs. Assuming the year ahead continues to create a positive financial Position. an increase in stsff at The Meadows should be successful. Morrisons Manufacturing are supporting The Meadows again with replacing all emergency lighting. This 15 a significant donation to the centre and will help to ensure tegislation is being correctly follomed. A major priorty Vthryll be the securing of funds to replace the existing mini-buses. The Trustees and management are considering various grant funds coupled wtth the expansion of community participation and donations. Volunteers The Meadows, like so mary other charities, relies heavity on the support from volunteers. The management is very grateful for the volunteers provide care for the clients and assist as mini-bus drtvers and escorts. The recruitment of new volunteers continues to be an issue and can be problematic. Continued advertising and encouraging the wider community to l)eGome a part of Tlie MeadowE is ongolng. We thank our volunteers personally On a year when we hold an afiemoon event, wth entertainment and food, dedicated to them.
The Meadows Day cent Ltd Trustees. Annual Report (continued) For the year ended 31 March 2025 Financlal results The results for the year. and the charws financial postlion at the ertd of the year, are shown in the attached financial statements. Reservgs During the year and V•ith the guidance from Ken Maggs. the Trustees were advised to establish a formal ReseNes Policy. As the Charity was holding a substantial amount of cash reserves, these funds would be best identified as designated reserved funds. A reserves policy explains to funders. donors, beneficiaries and other stakeholders why a charty is holding a parlicular amount of reserves. These reserved funds would be hpld for their designated use onty. The Trustees resolved to establish the following resep4e funds: £20,000 for replacement Mini-buses. £20.000 for buÉlding repairs arKI maintenance. £10.000 for unexpected opeTalional experL8PS Trustees would review the reser policy at least annualty. There is therefore £50,000 of designated funds leaving unrestricted funds of £89,385. The 'Free reserves. therefore equates to £47,276. The trust* consKler that they require funds equating to three months working capital amounting to approximatety £65.000. The free reserves are therefore short by approximately £17,700 and therefore the trustees will be looking at ways in ich they can raise these additional funds nesary. Trustees The trustees tho served the charity durinq the year were as follows.. Mrs Brenda Ruysen Chair from 18 February 2025 Mr Timothy Barzycki VI Chair from 18 February 2025 Mr Patrick William Skells Chair lo 18 February 2025 Mr Barry Elliott Vice Chair to 18 February 2025 Mr Anthony Cronin Mrs Lynn Franklin Mrs Cherry Jeffery Trustees New trustees are recruited from a group tho have shown a keen irrterest in the vth of The Meadows Day Centre Ltd and have abilities required on the goveming body. Training is provided to keep trustees up to date with new legislation etc. on a regular basis. The major risks to vthich the charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate the risks. No trustee has any beneficial interest in the company. All trustees are members of the compary and guarantee to contribule £1 in the event of a ViifKling up. There were seven guarantors at 31 March 2025. The chairperson and members of the Board, as appointed in accordan with the charitable companYs Articles of Association. are elected at the Annual General Mting at least once in every three years.
The Meadows Day Centre Ltd TrUSts. Annual Report (contlnued) For the year ended 31 March 2025 Rasponslbllftles of the trustees Company law requires the truStS to prepare financial statements for each financial year which give a true and fair review of the state of affairs of the charity at the end of the year and of the incoming and outgoing reSoUrS for the year ended 31 March 2025. In preparing these financial statements, the trustees are required to selecl suitable accounting policies and then app them consistently. making judgements and estimates that are reasonable and prudent. The trustees must also prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue its activities. The trustees are responsible for keeping proper accounting records which disclose asOnable accuracy at any lime the financial position of the charity and to enable them to ensure that the financial statements comply wth the Companies Act 2006. The tTUStees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deteciion of fraud and other irregularities. Reportlng accountant A resolution to re-appoint Mr K J Maggs as Independerrt Examiner for the ensuing yEar 11[ be proposed at the Annual General Meeting. Signed by order of the trustees Mrs Brenda Ruys Chair Date." .. . 2025
Independent Examinerfs Report to the trustees of the The Meadows Day Centre Ltd I report to the charty trustees on my examination of the accounts of company for the year ended 31 March 2025, 1¢h are set out on pages 7 to 19. Responsibllftles and basis of report As ine cnarrty trusiees of Ihe company {anO also Ils directors for the purposes of company law) you are responslble for the preparation of the accounts in acconsance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, l port in Tespect of my examination of your companys accounts as carried out untJer section 145 of the Charities Act 2011 (Ihe 2011 ACY). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confinn that rK> material matters have come to my attention in connection with the examination giving me cause to believe that in ary material respecL accounting records V4pre not kept in respect of the company as required by section 386 of the 2006 Act: or 2. the accounts do not accord those records. or 3. the accounts do not compty the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair ev1 is not a matter considered as part of an independent examination" or 4. the accounts have not been prepared in accordano vth the methods and principles of the Statement of Recommended Practice for accounting and reporting by chartties applicable to charFties preparing their accounts in accordano wrtn the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) I have no concems and have come across no other matters in connection th examination to [ch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. aggs B.A.. Chartered Accou Spalding . 2025
The Meadows Day Centre Ltd statement of Financial Activtties (Including Income and Expenditure account) For the year ended 31 March 2025 2025 Rtricted Funds 2024 Total Funds Unrestricted Funds Continued Discontinued Total Funds Note Income from: Legacies and donations Fundraising events Charitable activities Other trading activrties: Fumiture recyding ntre Investments 10.0( 2,842 201,567 1,465 11.471 2.842 211,367 12,756 4,003 168,907 3,422 3,422 2,074 231,176 43,924 1,680 231,270 2,074 Total Income 216,489 3,422 11,265 Expendlture on: Charitable activities 197.638 4,984 202.622 24,196 226,818 187,443 43,679 231.122 Other trading aCtI]eS Total expenditure 24,196 24.196 197,638 4,984 Not (expenditure) I Income 18.851 (20.774) 6.281 4,358 148 Transfers between funds 10 (22.098) (3,247) 20,774 1.324 7.605 Net movement in funds 4,358 148 Total funds brought fotward Total furKls carried foward 142,632 199.508 342,140 346,498 341,992 139,385 207,113 342,140 The charity has no recognised gains or losses other than the results for the year set out above. The notes on pages 9 to 19 form a part of ttrEse accounts.
The Meadows Day Centre Ltd Balance Sheet At 31 March 2025 2025 2024 Note Fixed assets Tangible assets 237.926 231,503 Current assgts Stocks Debtors Cash at bank and in hand 1,281 24,203 89,157 114.641 10,063 21,535 84.967 116,565 Creditors: Amounts falllng due within ona year (5,928) (6,069) Net current assets 108,572 346,498 110.637 342,140 Totsl assets less current liablllties Funds Unrestncted funds General funds Designated funds 89,385 50,000 142.632 Restrlcted funds 10 207,113 346,498 199,508 342,140 The trustees are satisfied that the charity is entttted to exempts.on from audit of the financial statements for the year under Section 477 of the Companies Act 2006 (the Act) relating to small companies and that the members have not required the company to obtain an audit in accordance with Section 476. The trustees acknowledge their responsibilities for: ensuring that the charity keeps proper accounting records thich comply Vlith sectton 386 of the Act, and preparing financial statements vthich give a true and fair view of the state of affairs of the charity as at the end of the financial year and of ils profit or loss for the financial year in accordance with the requirements of section 396, and which otherwise comply with the requirements of the Act relating to finanaal statements, so frdr as applicable to the charity. The accounts have been prepared in accordance vath the provisions appiicable to Companies subject to the small companies regime. These financial statements vEre approved by the Trustees on the .2CI signed on their behalf by. (li) 2025 and are Mrs Brenda Ruy Chair Mr Tlmothy Ba w1-ChaIr Compary Number: 03487584 The notes on pages 9 to 19 form a part of these accounts.
The Meadows Day Centre Ltd Notss to the Financial Statements For the year anded 31 March 2025 1. Accounting Policles General Inforniation and basls of accounting The Meadows Day Centre is a compary limited by guarantee registered in Englarmd and Wales. In the event of the charitsoie company Delng woun(J up, tlie liability in respect of the guarantee is limtted to £1 per mamber of the chartiy. The number of guarantors at 31 March 2025 was 7 (2024- 7). The address of the registered Offi of the charty is given in the tharity infonnation on page 1 of these financial statements. The nature of the charitys operations and principal activities is the provision of day care servIS for the elderly. The charity constitutes a public benefft entity as defined ty FKS 102. The financlal statements have been piepared in accordan vlith Accounting arKI Reporting by Charities: Statement of Recommended Practits applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011. Companies Act 2006 and UK Generally ACpted ccounting Practice. The financial statements are prepared on a goTng concem basis under the historical cost convention, modified to indude certain items at fair value. The financial statements are presented in sterfing which is the functional currenw of the charity. Funds Unrestricted funds are available for use at the discretit)n of trustes in furtIranCe of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set oui in the notes to the financial statements. Restricted funds are funds which are to be used in accordan with specific restrictions imposed by donors or which have been raised by the charity for parttcular purposes. The cost of raising and administering such funds are Gharged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income recognition All incoming resources are included in the Statement of Financial Actiwties en the charity is legalty entff(led to the income after any performance conditions have been met. the amount can be measured reliabty and tt is probable that the income will be received. For donations to be recognised the chatity vill have been notified of the amounts and the settlement date in lting. If there are conditions attached to the donation and this requires a level of perfonnance befo entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be futfilled. Donated facilities and donated professional seIS are recognised in income at their fair value when their economic benefit is probable. it can be measured reliably and the charity has control over the item. Fair value is determi[d on the basFS of the value of the gift to the chaiity. No amount is induded in the financial statements for volunteer time in Sine Vth the SORP (FRS 102). However, the trustees estimate the potential Val of volunteer time to the charity is in the region of £48.634 (2024 - £47.234) for 27 (2024 - 25) volunteers. Gifts in kind donated for resale are induded at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicafjle upon receipt it is recognlsed In stock and 'lflbUITJe froiii other trading activittes,. Upon sale, the value of the stock is charged against 'lncome from other trading activities, and the proceeds are recognised as 'lncome from other trading activities.. Where it is impracticable to estimate fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recc#3nised vAthin 'lncome from other tradiro activities,.
Tho Meadows Day Centre Ltd Notes to the Financial Statements (continued) For the year ended 31 March 2025 l. Accounting Pollcies (contlnu8d) Income recognttion (continued) Fixed asset gifts in kind are recognised vknen receivable and are included at fair value. They are not deferred over tne lite of tne asset. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being reiVed. At this point income is recognised. On occasion legacies will be notified to the charity however it is nol possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from government and other grants are rewniseAJ al falr value vthen the chdrity lias entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entillement is not met then these amounts are deferred. Income from trading activities indudes income eamed from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entiuement has occurred. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the chariws right to receive payment is established. The charity has trading activities relating to a fumiture recycling ntre. Nthich has now dosed. Income was recognised on a receipts basis as no credit facAlities a provided. Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the setdement will be required and the amount of the obligation can be measured rellably. It is caiegoiised uiiuer Uie following headings: . Charitable activtties includes all other costs to the charity and are detailed in note 3 to financial statements. These expenses are subcategorised between charitable activities. support costs and govemance costs. . Other trading activities indudes all c¢)sts to the Fumitwe recydirKJ centre. The activities of the (Entre are the collection and sale of second hand fumiture to create donated income for the charity. The costs are detailed in note 4 to the financial statements. . Following the closure of the Fumiture Recyding store the twstees made the decision to open the unit on a limlled number of days. The remaining stock being signfficantly redUd in order to sell as much as possible. Any remaining stock was donated to other chartties. A shortfall on prOedS against the value of tne stOCK, as at 31st March 2024, led to a charge of £9.121 against 'Other trading activities: Fumiture recyding centre,. . Other expenditure represents those Items not falling into Ihe categories above. Irrecoverable VAT is charged as an expense against the activrty for vthich expeThJrture arose. Support costs are those that assist the work of the charity but do not directy represent charitable activities and indude office costs. govemance costs. administrative payToII costs. They are incurred directly in support of expenditure on the objects of the chartty and indude project management carried out at Headquarters. Where support costs cannot be directty attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activttEs on a basis consistent Vlith use of the resources. Governance costs are costs of charitable activities but those vknith relate to the govemance and stewardship of the charity rather than directly to the adivities themsdves. Fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impaimient losses. Cost includes costs directty attributable to makirKJ the asset capable of operating as intended. 10-
The Meadows Day Centre Ltd Notes to the Flnancial Ststements (contlnued) For the year ended 31 March 2025 1. Accounting Pollcles (contlnued) Depreciatlon Depreciation is provided on all tsngible fixed assets. at rates calculated to vKite off the cost, less estimated residual Vdlu¥, uf asset on a 6y8tematiG basis over its expeGted u3eful life a3 follo". Freehold buildings 2.5% reducing balance Lifeline telephones 50% reducing balance Fixtures and office equipment 33% reducing balan Motor vehides 250kn reducing balance Kitchen and general equipment 20% reducing balanee Depreciation is not provided on freehokl land. Stocks stock consists of food, deaniNJ matertals aThd donated goods. Food arml deanit¥J material slocks are valued at cost which includes all costg of purchase. costs of cnnversion and othp.r e.nsts incxjrred in bringino stock to its present location and condition. Provision is made for obsolete and slow-movirvJ stock vthere appropriate Donated stocks are fair valued as desuibed earlier. Debtors and credltors receivablelpayable within one year Debtors and creditors with no ststed interest rate and receivable or payable vathin one year a recorded at transaction pri. Any losses arising from impairment are recognised in expenditure. Operatlng lease agrnements Rentals applicable to operating leases ere substantialty all of the iEneffts and risk of ownership remain with the lessor are charged against profits on a straight line basis over the periou ot Ihe lease. Employee benerts The charity operates a defined contribukion pension scheme for employees. The assets of the scheme are held separately from those of the charity. The annual contriblOnS payable are chaTged to the Statement of Financial Activities. Taxation The charty is an ÈxÈrnpt charty within the mÈaning of sctrule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it rnts the definition of a charitable company for UK corporation tax purposes. Golng concern The financial statements have been prepared on a going concem basis as the trustees believe that no material uncertainties exist. The tnjstees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient wth the level of reserves for the charity to be able to continue as a goirg cOnrn. 11
The Meadows Day Centre Ltd Notes to the Financlal Sements (continued) For the year ended 31 March 2025 1. Accounting Pollcles (contlnued) Judgements and kèy sources of tstlmatlon uncertainty The preparation of fjnancial statements requires management to make judgements, estimates and assumptions tnai affeci ine amounts reportetl. Te ¥biiiiiale& and judgements are Gontinualty reviewed and are based on experien and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects onty that period or in the period of revision and future periods if the revision affects both current and future periods. The usaful aconomic life used to amortise intangible assets and depreciatp tAngible fixed assets relates to the expected future perfomiance of the assets acquired and management's estimate of the period over whid) economic benefit v4ill be derived from the asset. The residual value of an asset is the estimated fair value of that asset at the end of its useful economic life and therefore is also dependent upon the estimation of that life span. Historically, changes to tlie useful economic lite anu residual values nave not had a tnatetial itnpdLI un the amortisation or depreciation amount charge to the Statement of Financial Activities. Cut-off is applied at Ihe year end date. An estimation of income or expenditure applicable to the relevant period must be applied when the reIpl or paJThent relates to a different period to the year end. 2. Charitsble activttles Income Unrestrlcted Rostrictod Total Funds Funds Funds 2025 Total Funds 2024 Day Centre activiiies Grants reIVed.. UK Govemment: Lincolnshire County Council Social Servi$ 165.724 165,724 129,732 35.843 35,843 39,175 Clothworkers, Foundation 4,800 5,000 Green Hall Foundation 5.000 9.800 45.643 39,175 201,567 g,800 211.367 168,907 12-
The Meadows Day Centre Ltd Notes to the Financlal Statements (continued) For the year ended 31 March 2025 3. Charltable actlvities axp9nditure Unrestricted Restrlctad Totsl Funds Total Funds Funds Funds 2025 2024 Direct activities Food purchases and activities Motor expenses Depreciation Loss on disposal of tangible fixed Electricity, gas and water charges Telephone Insuran Repairs and renewals 17.191 8.928 2,371 898 8,235 3.506 4,711 5.888 51,728 17.191 8,928 7,355 898 8.235 3,506 4,711 5.888 56,712 15.062 7,269 8,124 148 5.274 3,186 4,500 11.799 55,362 4,984 4.984 Support costs Staff costs Office costs Consultancy costs Travel and stihqistence Training and sundries Cleaning materials Bank charges 120,735 5.641 2,131 22 189 1,394 719 133.090 6.173 2.131 133,090 6,173 2.131 506 1,163 739 506 1,163 739 143,802 143,802 130,831 Govemance costs Accountsncy and payroll Independent examinerfs fees 1.333 775 1,333 775 515 735 2.108 2,108 1,250 Total charitable activities expenditure 197,638 4,984 202,622 187,443 ék Other trading actlvftles expenditure Unrestricted Restricted Total Funds Funds Funds 2025 Total Funds 2024 Fumiture recycling ntre.. Furniture donation to other charities Furniture collection costs Rent and maintenan staff costs Insuran utilities Repairs and renewals Advertising Telephone Accountsncy Bank charges 9.121 127 2.298 11.778 455 125 9.121 127 2,298 11,778 455 125 3,025 11,352 22.571 1.436 1.371 18 2,786 255 516 349 198 67 198 67 27 27 24,196 24,196 43,679 13-
The Meadows Day Centre Ltd Notes to the Financlal Statements (continued) For the year ended 31 March 2025 5. Staff costs and omployeo beneffts 2025 2024 The aggregate payToII costs vEre: Wages and salaries Redundancy payment Self employed Social security costs Other pension costs 130,052 6,162 2,030 3,827 2.797 144,868 130,603 6,992 3,151 2,560 143,306 No employees receive(I total emplosee benefts (excludiroJ employer pension costs) of more than £60.000. The average number of staff employed bthich also equates to the full time equivalent during the year was as follow8: 2025 2024 No. No. Full time Part time Payroll staff Self employed No amounts are payable to the trustees in respecl of remuneration but reirnbursement of travelling expenses can be made. 6. Tangible fixod assets Freehold Fixtures and Land and Llfe•Linè Office Motor Bulldings Telephones Equipment Vehlcles Kltchon and General Equipment Total Cost At 1 April 2024 Additions Disposals At 31 March 2025 345.569 2.295 26,174 59,094 60,073 15.655 (8.271) 67,457 493,205 15,655 (21,465) 487,395 (13,194) 45,900 345.569 2.295 26.174 Dopro¢latlon At 1 April 2024 Charge for the year On disposals At 31 March 2025 126.961 4,091 2.295 25,458 249 52,811 1.345 (12,225) 41,931 54,177 1.670 (7.363) 261,702 7.355 (19,588) 249,469 131.052 2,295 25.707 Nat book valuè At 31 March 2025 214,517 467 3,969 18.973 237,926 At 31 March 2024 218,608 716 6,283 5.896 231,503 Freehold land and buildiros indudes land costing £55.000. which is not depreciated. 14-
The Meadows Day Centre Ltd Notes to the Financlal Statements (continued) For the year ended 31 March 2025 7. Debtors 2026 2024 Trade debtors Prepayments Accrued income - Grants 12,618 5.585 6,000 24,203 13,313 8,222 21,535 8. CredtioT5: Amounts falling due within one year 2025 2024 Trade creditors Other creditors Taxation and social security Pension contribution liability Accruals 1,533 247 1.463 382 953 426 1,313 293 2.943 5,928 6,069 9. UnrestCtsd and Designated funds Movoment In resources Balance at Movement 1 April 2024 Sn funds Balance at utillsed 31 March 2025 Designation General funds 142.632 (3,247) (50.000) 89,385 Deslgnated funds.. Replacement Minibuses Building Maintenance & Repair Operational Expenses 20,000 20,000 10,000 20,000 20.000 10,000 139,385 142.632 (3,24 The respective deslgnated funds are being ptrt aside funds for. the replament of MinT-buses then they fall due. enabling dEnts to continue attending sessions, for building repairs and rna1ntenan as things fall due under maintenance and property plans, for unexpected operational expenses vthich are expenses which have regularty occurred over the years and often relating to govemment policy changes. 10. Restrlcted funds Movement in resources Balance at 1 April 2024 Incomlng Balance at Transfers 31 March 2025 Outgoing Day Cerrtre fund Machinery and Equipment fund Ambulance Replament fund Life-line fund 197.903 893 {3.478) (182) (1.324) 194.425 11.976 11.265 1,324 712 712 199,508 11,265 4,984 1.324 207,113 15-
The Meadows Day Centre Ltd Notes to the Financlal Statements (continued) For the year ended 31 March 2025 10. Restricted funds {contlnued) Day Centre Fund - This fund was set up to acquire the Day Centre and the balan of the fund will be used to fund future developments, maintenance of the day ntre fabric and other on-going costs of the centre building. Any deficits on this fund wll be supported by the unrestricted furKd. Machlnery and Equipment Fund - This fund Was establtshed to cover donations received by the charity in order to acquire necessary machinery and equipmenl for the charitys use. Any cash balances resulting from preferentially negotiated priS Nyill be used for future acquisitions. Ambulance Replacement Fund - This fund was establis1d by the Trustees on 10 November 2001. The fund will help finance the acquisition of future ambulan replaMentS and any necessary major overhauls on CUTrent vehides. At the end of the year this fund vras in deficit lch was furKled by general funds. Lifa-line Fund - This fund finan the capital and Maintenan of the lrf&line telephones. Boiler Fund - This fvnd represents monies received from Persimmon Homes, Community Champions scheme in the comparative year, specificaSty towards replactng the t)oiler lch had broken dovm in the ntre. Transfers relate to monies held for the Day Centre vthith could be used for Ihe specffic item in another restricted fund. I l. Anatysis of net assets Tangibl8 fixed assets Other net assets Total Unresti7¢ted funds General fijnds Designated funds (See note 9) (See note 9) 32,519 56,866 50,000 1(.866 89,385 50,000 139.385 32,519 Restricted funds Day Centre fund Machinery and Equipment fund Ambulance Replament fund Life-line furKI 189,462 11,976 3.969 4,963 194.425 11,976 (3.969) 712 712 205,407 1.706 207,113 346,498 237,926 108,572 12. Control relatlonshlp The charity is controlled by the trustees jointly and no irKlividual can or does exert control over the others. 13. Operating leases The total fijture minimum lease payments under noFFL3ncellable operating leases are as follov¥S: 2025 2024 Not later than one year Later than one and not later than fNe years 3,218 6.372 3,218 9,590 9.590 12,808 16-
The Meadows Day Centre Ltd Notes to the Financlal Statements (continued) For the year ended 31 March 2025 14. Fund comparatlves 2024 Restrlcted Funds Unrestricted Funds Contlnued Dlscontinued Total Funds Income from.. Legacies and donations Fundt3ising events Gharttable acuvltles 11,756 4.003 12, 756 4,003 168.907 168.907 Other trading activities.. Fumiture recycling centre Investments 43,924 43,924 1.680 231.270 1,680 186.346 Total income 43.924 1.000 Expenditure on." Chan"table acbvities 178.336 9.107 187,443 Other trading actmties Total expenditu 43,679 43,679 43,679 231,122 178,336 9, 107 Net Ancome/ (oypenditure) Transfers heeen funds 8,010 (1,519) 6,491 245 (8, 107) 1.764 (6,343) 148 (245) Net movement in funds 148 Reconciliation of funds." Total funds brought fOard Total funds carried forwany 136. 141 142,632 205,851 199.508 341,992 342, 140 Charitable activities income 2024 Unrestricted Restrlcted fotal Funds Funds Funds 2024 Day Cent actNibes 129, 732 129, 732 Grants e1ved.. UK Govemment.. Lincolnshi County Council Social Semces 39,175 39,175 168,907 168,907 17-
The Meadows Day Centre Ltd Notes to the Financial Statements (contlnued) For the year ended 31 March 2025 14. Fund comparativos (contlnued) 2024 Unrestncted Restricted Totsl Funds Funds Funds 2024 Charitable activities expendltu Direct activities Food purchases and activities Motor expenses Depreciation Loss on disposal of tangible fixed Electricty, gas and water ChaeS Telephone Insurance Repairs and renewals 15,062 7,269 2.555 15.062 7.269 8,124 148 5,274 3.186 4,500 11,799 5.569 5,274 3, 186 4,500 8,261 46.255 9, 107 55,362 Support costs Staff costs 0}Ti costs Consultancy costs Travel and subsistence Training and sundries Cleaning materials Bank charges 120, 735 5,641 2, 131 22 189 1,394 719 120, 735 5,641 2.131 22 189 1.394 719 130,831 130,831 Govemance costs Accountancy andpayroll Independent examinerfs fees 515 735 515 735 1,250 1,250 Total charitable 8Ctiwties expenditure 178,336 9,107 187,443 Other trading activiti.es expenditure UnStneted Restricted Total Funds Funds Funds 2024 Fumtiure recycling centre.. Fumiture collection costs Rent and maintenan Staff costs Insurance utilities Repairs and renewals Advertising Tekphone Accountancy Bank Gharges 3.025 11.352 22.571 1.436 1.371 18 2, 786 255 516 349 3.025 11,352 22,571 1,436 1,371 18 2. 786 255 516 349 43,679 43,679 18-
The Meadows Day Centre Ltd Notes to the Financial Statements (continued) For the year ended 31 March 2025 14. Fund comparatlves (Continued) Unrestricted and Designated funds Movement in resources Balance at Movement l Apnl 2023 In funds Balance at Utilised 31 March 2024 Designatlon General funds 136.141 6.491 142,632 Restncted funds Movement in resources Balance at 1 Apn"12023 Incoming Balance at Transfers 31 March 2024 Ou¢going Day centre fund Machinery and equipment fund Ambulance replacement fund Life-line fund Boiler fund 204,017 1. 122 (3,576) (229) (1,764) (2.538) 797,903 893 1, 764 712 712 (3,538) 9.107 2.538 205,851 1.764 199, 508 Analysis of net assets Tangible fixed assets Other net assets Total Day ntre fvnd Machinery and equipment fvnd Ambulance replacement fund Lrf&line fund 192,940 4.963 197,903 893 5,293 (5,293) 712 712 199, 126 32,377 382 110,255 199,5Q8 142, 632 Unrestricted funds 231,503 110,637 342, 140 19-